NZX 50 Extends Losses, Tracking Wall Street Lower

2026-10-13 22:55 By Chusnul Chotimah 1 min. read

The NZX 50 dropped 48 points, or 0.4%, to 13,702 in Wednesday morning trade, extending losses from the previous session and tracking a fall on Wall Street overnight, weighed down by semiconductor heavyweights.

Caution mounted ahead of the release of China's September CPI, PPI, and trade data later today amid weak domestic demand and rising oil prices.

Traders also awaited US inflation data for clues about the Fed's interest rate decision at its upcoming meeting, as well as New Zealand's food inflation and business PMI data due later this week.

Traders continued to monitor the war in the Middle East, including the Saudi Arabia-Houthi conflict and its impact on oil prices.

Financials, energy, technology, and consumer discretionary stocks mainly weighed on the index, with notable losses from AFT Pharmaceuticals (-2.0%), Infratil (-1.8%), Briscoe Group (-1.8%), Freightways Group (-1.5%), Summerset Group (-1.2%), Meridian Energy (-0.9%), Channel Infrastructure (-0.9%), and A2 Milk (-0.6%).



News Stream
NZX 50 Extends Losses, Tracking Wall Street Lower
The NZX 50 dropped 48 points, or 0.4%, to 13,702 in Wednesday morning trade, extending losses from the previous session and tracking a fall on Wall Street overnight, weighed down by semiconductor heavyweights. Caution mounted ahead of the release of China's September CPI, PPI, and trade data later today amid weak domestic demand and rising oil prices. Traders also awaited US inflation data for clues about the Fed's interest rate decision at its upcoming meeting, as well as New Zealand's food inflation and business PMI data due later this week. Traders continued to monitor the war in the Middle East, including the Saudi Arabia-Houthi conflict and its impact on oil prices. Financials, energy, technology, and consumer discretionary stocks mainly weighed on the index, with notable losses from AFT Pharmaceuticals (-2.0%), Infratil (-1.8%), Briscoe Group (-1.8%), Freightways Group (-1.5%), Summerset Group (-1.2%), Meridian Energy (-0.9%), Channel Infrastructure (-0.9%), and A2 Milk (-0.6%).
2026-10-13
NZX 50 Snaps 3-Day Winning Streak, Ends 0.6% Lower
The NZX 50 shed 78 points, or 0.6%, to close at 13,750 on Tuesday, halting gains from the previous three sessions, mainly weighed down by industrials, energy, materials, technology, and communication services. The broader index tracked a decline in the Nasdaq on Wall Street overnight, led by losses in the tech sector. Traders continued to monitor the Middle East conflict and oil prices amid reports of Russian diesel exports. Caution mounted ahead of the release of New Zealand's food inflation and business PMI data due later this week. Traders also awaited US inflation data for clues about the Fed's interest rate decision at its upcoming meeting, as well as China's September CPI, PPI, and trade data amid weak domestic demand and rising oil prices. Among the biggest decliners were Chorus (-3.3%), Auckland International Airport (-2.8%), Skellerup Holdings (-2.3%), Vista Group International (-2.1%), Freightways Group (-1.8%), and Summerset Group (-1.3%).
2026-10-13
NZX 50 Edges Lower in Morning Trade,
The NZX 50 dropped 26 points, or 0.2%, to 13,801 in Tuesday morning trade, erasing gains from the previous session, mainly weighed down by industrials, communication services, utilities, technology, and financials. The broader index tracked a decline in the Nasdaq on Wall Street overnight, led by losses in the tech sector. Rising oil prices pressured sentiment amid heightened concerns over inflation and interest rate hikes. Caution mounted ahead of the release of New Zealand's food inflation and business PMI data due later this week. Traders also awaited US inflation data for clues about the Fed's interest rate decision at its upcoming meeting, as well as China's September CPI, PPI, and trade data amid weak domestic demand and rising oil prices. Among the early losers were Freightways Group (-2.2%), AFT Pharmaceuticals (-2.0%), Auckland International Airport (-1.4%), Skellerup Holdings (-1.3%), Mainfreight (-1.0%), Chorus (-1.0%), and Infratil (-0.9%).
2026-10-12